Nicola Wealth Management, a Canadian asset fund management and private investment counsel firm, has chosen fintech provider SS&C Technologies Holdings to deliver fund administration services for about $4bn in assets under management (AUM).
SS&C will offer various administration services such as fund accounting and investor services as part of the deal.
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Nicola Wealth Management CFO Michael Taylor said: "Working with SS&C will allow us to improve productivity and internal control. Repositioning our fund accounting and transfer agency service requirements with SS&C will reduce operational risk and will allow us to better serve our clients as we continue to grow into the future."
The technology provider’s platform will support 15 funds and 4 limited partnerships of the Canadian wealth manager.
SS&C Technologies chairman and CEO Bill Stone added: "We are pleased to add NWM to our growing list of Canadian clients. Canada is a key market for us, and we look forward to helping NWM meet the challenges investment firms face in an increasingly complex regulatory and operational environment."
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